
What use is it? That would be the obvious one, when better alternatives not requiring ludicrously high subsidies are readily available.
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A new report from climate change think tank Ember reveals the cost of burning wood for power, with energy billpayers committed to subsidies of more than £13 billion, including £10bn at Drax power station alone.
In addition to the direct subsidy, we estimate biomass generators are receiving carbon tax breaks of £333 million a year.
The UK has now left the EU, and there’s an opportunity to reassess carbon pricing – including in the design of the UK emissions trading system.
In this research, we demonstrate why the UK should abandon the carbon tax break afforded to large power stations burning biomass (mostly wood in the form of pellets or chips).
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